WASHINGTON: With Republicans in control of the House, there’s no chance that President Joe Biden’s new budget plan will become law as it stands. Instead, the financial blueprint that he’s announcing in Philadelphia on Thursday will serve as a political talking point for a president preparing to run for reelection.“When you look at the budget, […]
Tag: tax
Bbc: I-T survey on BBC offices: Irregularities detected on certain tax payments, says tax department | India News
NEW DELHI: The three-day I-T survey on BBC offices in Mumbai and Delhi have revealed that the income/profits shown by various group entities is not commensurate with the scale of operations in India, the tax department said in a statement on Friday.“During the course of the survey, the department gathered several evidences pertaining to the […]
Budget 2023-24: ‘Salaried class seeks simplified personal tax regime, increase in income tax slabs’
By Anita Basrur People are eagerly waiting for the Union Budget 2023-24 announcements. This is one annual activity that the citizens look forward to. The expectations from various sectors are high keeping in mind the general elections that are to be held next year. People are looking at solace to their financial concerns keeping in […]
Trump organisation fined $1.6 million for tax fraud
NEW YORK: Donald Trump‘s company was fined $1.6 million Friday as punishment for a scheme in which the former president’s top executives dodged personal income taxes on lavish job perks — a symbolic, hardly crippling blow for an enterprise boasting billions of dollars in assets.A fine was the only penalty a judge could impose on […]